The direct method of preparing the statement of cash flows provides the clearest picture of the sources and uses of cash from investing activities.

Name: The direct method of preparing the statement of cash flows provides the clearest picture of the sources and uses of cash from investing activities.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The direct method provides a clear picture of cash flows from operating activities, not specifically from investing activities.

The Direct Method of Preparing the Statement of Cash Flows